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SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Dec. 30, 2023

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Compensation Cost Charged Against Income and Related Tax Benefits for Share-based Compensation Plans

The following table shows the share-based compensation expense and the related tax benefits recognized in the Company's Condensed Consolidated Statements of Operations for the periods indicated:

			Three Months Ended												Six Months Ended
			December 30, 2023						December 31, 2022						December 30, 2023						December 31, 2022
			(millions)
Share-based compensation expense			$	22.5					$	19.7					$	42.2					$	34.8
Income tax benefit related to share-based compensation expense			4.2						3.7						7.9						6.7

Schedule of Stock Option Activity

A summary of stock option activity during the six months ended December 30, 2023 is as follows:

			Number of Options Outstanding
			(millions)
Outstanding at July 1, 2023			8.7
Granted			1.3
Exercised			(0.1)
Forfeited or expired			(0.8)
Outstanding at December 30, 2023			9.1

Schedule of Stock Option Grant Weighted Average Assumptions

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model and the following weighted-average assumptions:

			December 30, 2023						December 31, 2022
Expected term (years)			5.0						4.9
Expected volatility			44.8		%				48.6		%
Risk-free interest rate			4.5		%				3.3		%
Dividend yield			4.2		%				3.4		%

Service-based Restricted Stock Unit Awards (RSU)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of RSU Activity

A summary of service-based RSU activity during the six months ended December 30, 2023 is as follows:

			Number of Non-vested RSUs
			(millions)
Non-vested at July 1, 2023			5.9
Granted			2.3
Vested			(2.7)
Forfeited			(0.2)
Non-vested at December 30, 2023			5.3

Performance-based Restricted Stock Unit Awards (PRSU)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of RSU Activity

A summary of PRSU activity during the six months ended December 30, 2023 is as follows:

			Number of Non-vested PRSUs
			(millions)
Non-vested at July 1, 2023			0.7
Granted			0.4
Change due to performance condition achievement			0.1
Vested			—
Forfeited			—
Non-vested at December 30, 2023			1.2

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